Energa (WAR:ENG) E10: zł1.52 (As of Mar. 2026)


WAR:ENG Energa SA WAR:ENG
63 GF Score
Price zł18.66
GF Value zł11.92
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Energa E10?

Energa WAR:ENG +0.21% 63 E10 is zł1.52 as of Mar. 2026. GuruFocus rates WAR:ENG with a GF Score™ of 63/100 and a GF Value™ of zł11.92 (Significantly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Energa's adjusted earnings per share data for the three months ended in Mar. 2026 was zł1.863. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł1.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Energa's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was -4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Energa was 2.70% per year. The lowest was -4.50% per year. And the median was -0.90% per year.

As of today (2026-06-26), Energa's current stock price is zł18.66. Energa's E10 for the quarter that ended in Mar. 2026 was zł1.52. Energa's Shiller PE Ratio of today is 12.28.

During the past 13 years, the highest Shiller PE Ratio of Energa was 15.49. The lowest was 3.60. And the median was 6.67.


Energa  (WAR:ENG) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Energa's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.66/1.52
=12.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Energa was 15.49. The lowest was 3.60. And the median was 6.67.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Energa E10 Related Terms


Energa E10 Historical Data

* Premium members only.

The historical data trend for Energa's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Energa E10 Chart

Energa Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 1.54 1.51 1.32 1.34

Energa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 1.35 1.37 1.34 1.52

WAR:ENG vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Energa's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Energa Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energa's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Energa's Shiller PE Ratio falls into.


WAR:ENG
63GF Score
Energa SA WAR:ENG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energa E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Energa's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.863/158.3232*158.3232
=1.863

Current CPI (Mar. 2026) = 158.3232.

Energa Quarterly Data

per share eps CPI Adj_EPS
201606 -0.307 99.552 -0.488
201609 0.456 99.064 0.729
201612 0.188 100.366 0.297
201703 0.743 101.018 1.164
201706 0.416 101.180 0.651
201709 0.159 101.343 0.248
201712 0.535 102.564 0.826
201803 0.654 102.564 1.010
201806 0.674 103.378 1.032
201809 0.287 103.378 0.440
201812 0.149 103.785 0.227
201903 0.446 104.274 0.677
201906 0.208 105.983 0.311
201909 0.248 105.983 0.370
201912 -3.190 107.123 -4.715
202003 0.267 109.076 0.388
202006 -1.981 109.402 -2.867
202009 0.203 109.320 0.294
202012 0.691 109.565 0.999
202103 0.911 112.658 1.280
202106 0.703 113.960 0.977
202109 0.713 115.588 0.977
202112 -0.020 119.088 -0.027
202203 1.437 125.031 1.820
202206 1.050 131.705 1.262
202209 1.228 135.531 1.435
202212 -1.397 139.113 -1.590
202303 3.725 145.950 4.041
202306 -0.317 147.009 -0.341
202309 0.495 146.113 0.536
202312 -2.450 147.741 -2.625
202403 1.040 149.044 1.105
202406 0.981 150.997 1.029
202409 0.218 153.439 0.225
202412 -1.347 154.660 -1.379
202503 1.248 157.021 1.258
202506 0.852 157.509 0.856
202509 0.753 157.998 0.755
202512 0.188 158.323 0.188
202603 1.863 158.323 1.863

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of zł1.52 mean?
Energa (WAR:ENG) has a E10 of zł1.52 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Energa and its competitors.
Is Energa's E10 too high?
Energa's current E10 is zł1.52. Overall, Energa has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energa's E10 compare to NEE and SO?
Energa's E10 of zł1.52 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Energa and its competitors. Energa's current E10 is zł1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energa stock overvalued right now?
Based on GuruFocus' analysis, Energa (WAR:ENG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł11.92, compared to a current price of zł18.66 — trading 56.5% above its estimated fair value. The current E10 is zł1.52. Energa's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Energa (WAR:ENG), the current E10 is zł1.52 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Energa (WAR:ENG) Overvalued in 2026?

Based on GuruFocus' analysis, Energa stock appears to be overvalued. The current stock price of zł18.66 is trading 56.5% above its estimated GF Value™ of zł11.92. GuruFocus considers Energa to be Significantly Overvalued.

Key valuation signals for WAR:ENG:

  • E10: zł1.52
  • GF Value™: zł11.92 vs. price of zł18.66 (56.5% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the WAR:ENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Energa Business Description

Address Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.
63GF Score

Get the complete analysis for WAR:ENG

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł18.66
Price
zł11.92
GF Value